Thriving in challenging times – FinTech market update
It’s been a rollercoaster for many FinTechs since the pandemic. The initial concern about trading conditions soon turned to an unexpected boom for many. Now, with rising rates and the fundraising environment being harder, many firms are trying to work out what the competitive landscape looks like. Some have shrunk, some are treading water, and it’s been tough for a while now. The tech industry has always been agile, but agility and adaptability matter now more than ever. As an experienced FinTech recruiter, I wanted to share how important reskilling and upskilling are to firms in difficult times, and to firms with an eye on recovery.
Before diving into strategies, it’s essential to distinguish between reskilling and upskilling. Reskilling involves learning entirely new skills to pivot into a different role within your business. In contrast, upskilling means enhancing existing skills and expertise, keeping professionals relevant and valuable in their current roles.
Why do upskilling and reskilling matter?
What steps should FinTechs take?
Begin by identifying the skills and expertise within your team. This will help you pinpoint where reskilling and upskilling efforts should be concentrated. Then you need to create a culture of learning. Share with your colleagues the benefits of continuous learning and celebrate each milestone achieved.
Embrace remote learning too. It allows for flexibility for the learner, it is less disruptive for the business. Also, be aware of industry trends and shape your efforts towards the evolving demands of the sector.
Upskilling and reskilling will improve morale
About Fram Search
Established in 2010, Fram Search is a specialist financial services recruitment consultancy. We support fintech and digital financial services businesses across the UK and internationally, with particular expertise in WealthTech and firms operating at the intersection of finance, technology and regulation.
Our FinTech & Digital practice recruits across commercial, operational, compliance, finance and leadership functions. We work with WealthTech, RegTech, LendTech, InvestTech, InsureTech and digital banking businesses, helping clients build the infrastructure required to scale. We do not recruit software engineering or technical development roles, allowing us to focus exclusively on the commercial and operational appointments that drive growth and performance.
Please contact us on 01525 864 372 / [email protected] to learn more.
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